Disclaimer

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Disclaimer: The details provided are for informational purposes only and should not be construed as investment advice. Investment in blockchain projects often carry substantial risk, and purchasers should conduct their own thorough research before making any purchasing decisions. 

Tokens like TXUE or any other Translucent Portals Inc., utility tokens issued by TXUE do not possess any ownership interest in the enterprise (i.e., the database, the SHA-256 encryption algorithm, or the consensus algorithm, the technology that is the profit process); therefore conversely, the purchaser of a digital token would not “reasonably” and cannot expect any profits from that which he/she has not purchased an interest in or have a contractual right to. 

Thus, the Howey test fails as a matter of fact and law as applied to DLTs or computational blockchain distributed ledger technology and is inappropriate and should not be applied to computational work processes and business models. 

Any reasonable and competent economic analysis of computational work mechanisms include facts suggesting the purchasers of tokens, such as TXUE, do not expect the DLT network itself to generate a profit. Digital token purchasers expect their profit to be capital gains generated by the independent secondary trading of the TXUE token.

Additionally, a utility token is a type of cryptocurrency that can be used to purchase services from a particular network or protocol. It is not intended to be an investment, and its value is not determined by financial returns or dividends.